New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-01
E.nLRoID franchises At 1UcTIoM

LIVELY COMPETITION FOR HE IElN AT"" -
CAKH1ING PASSENGERS.
Controller Locw -oh yesterday at lu'ilo ""'
the franchise OF two NV street r'h''''.' ~
puc,s obtained were a -drpr-e to most VI INV
present and vii Lat rally add to tue revenues %
81. rty II /. the nr-t -ac under the Cantor ac'
of 10, The nr-t franchise sold Wd- That u uS
TWENTY eighth and Twenty -nInth-,L cro's-'o"h Hio
Tnclo were pIc-,nt when tie auc'ohe't "n'''''
mo u.iu, OF -iiu cOu-ld Iahle Lumber ol IHtu III
tcrc,,od IN horse IAl. oa AuctI0n'rr van l@,s'l
called OH tho first bid and from then un'i VIZ
,io.o the bl4a.ns was ,liuurd Inc franchise o.
tuc c.o-s-town Lie sl.c, PERMISSION TO coi'uuI0 A."
ivld i.-lnIIn- at tAc foot oil wet lo.'S mn
a.d rlnulu. tnIOu.u IOlty second SIC To l:'''Hth
..o., - I4lr,S Io4It"-,t' To- rem" " r.,,,
st.. AIntt. t. twenty -h'"tn--I, !"
To Twenty l..td-S, To tAc lcI.! al id-' a ~
IL .ut.lu.. "a, loutc tuc same cAcrIt lhaI -
runs tAIou-h Twenty cl-LlA--L i"Ie - -, -
branch u.u lrO,Id.d fOr. running tiom Nlh'n ' g.
l.d invent . -llLtA--t tnrVu,n Twenty -nI'li-s' 10
Trntna,c., to IwcntyIourtA-,t' " lhlt'""'N"''
10 tDo ciiy al "tst iout1ee must ,,,,t con,panv
IAcio Dcrc Two u1nicfs tA1 Olisii1I l I'
known q, the Twcnty-clsAth ana l"vh.S H','H 81 ~
,..,u, a. \. and tnr Mammalian COMPANY - L. idi
ri-on appeared for tAo ioiner ana me s'e.s'1S
nicr conn any are: President, JOhdunah A. 'ItIc
UceIrc-d ut Ld"am r. be2ch, 1 :, Iay re rae
or.c, y. ia tlrtt, treasurer joan II. bA''s, ~
nInc,r, Of tie Manhattan ar; Ficrid'nI thaile' /
=, r1t.r IL va, believe tDat Wallace Andrews
Of Inc steam Heating tOn.ia-y, Wa uc Iiln'lla
|nun.cl I,con,hc VA, Il,-,nt il his capacity A. al
[i,rr To- tie controller. The provision, OF the iran
cu - rH b.
,lri, ill- that thc conn any shall keep the streets
I'm rel ar and clear them OF -nO~ am dIt' -liu pay
al the expenses Of sale and d. O-t G'JOO WIN u'
controller to guarantee the carrying out OF thc uiu'
Tho successful bidder was al-o to hlc bona o.
-.,DO 900 within tlllty days 10 m-ur 10 thc GU! tuo
Ia, mcut oil the Percentage I'D ana an al tlol.L4
inud a., $1,000 a guarantee that the ioad VIII
Dee conn lct.d I'm d~Onablc time. Inc I'I''ht'E'
I'D va- To hc III .Ace-- OF the amount required -
law Mr. Harrison Protested a~diu@, allowing 'n'
Manhattan conn auy ~ md. a. II had only been or
cnlsI two or three day.. and II was not Just ~ ns
old cumlauy to allow u competitor TO come IN III
ohicctIou vas oNeIrulcd. The list lid Ma- PEE,
c.yt The lricr went up until IL was finally hnpchtu
do,yn TO the Twcnty-cghth and Twenty ninth street
rnmrnuv for 20 l. PER cent. This cOmlel- The
conIi1ny Ia iay 10 tie city - Il Per cent 81 ne
Ter cent a year thereafter Mr.. Harrison wa i
GOOD dead annoyed at being compelled TO aiNah''
Ia. rrr, by what hc declared vas striking coii
many after his own had spent about 10000.
Tho franchise for the construction ~ m ciertrlr
roilro1d under the Bcntly-kmSm system thioW-h
Wcst-.t from Cortlandt 10 Chamber H.. ana tIuuSh
Fnlton'st TO Fulton Ferry, was then pot up The
rbcr, were three bidders MIR. Coon, Who bid iof
thn Manhattan Company for the other franchise loi
tho second one rcl resented the Fulton street com
panv Rowland Il. Hazard rel r'-cntcd the orltn'i !
,~titioncr, OF the North and East Eilcr Railroad
romionv ard Thomas T. stewart the Fulton Wall
and cortland street Ferry company The bidding
was lively and moved uP In junu1 or . per cent
rhe franchise wa finally knocked down To the North
and Fast River Company for 20 per cent OF the gross
rcccii ,, - a., u,.,,,,
TIe controller was much pleased over the result
vovor Hewitt said he was ri-cd 1t the large
am1iint raid IL was some indication Of tho large
pronts which the railroad COMPANIES male.